701-0757-00L Principles of Economics
|Semester||Autumn Semester 2018|
|Periodicity||yearly recurring course|
|Language of instruction||German|
|Abstract||This course covers the bases for understanding micro- and macroeconomic issues and theories. Participants are given the tools to argue in economic and political terms and to evaluate the corresponding measures. Group and individual exercises deepen the knowledge gained.|
|Objective||Students are able to|
- describe fundamental micro- and macroeconomic issues and theories.
- apply suitable economic arguments to a given theme.
- evaluate economic measures.
|Content||Supply and demand behaviour of firm and households; market equilibrium and taxation; national income and indicators; inflation ; unemployment; growth; macroeconomics policies|
|Lecture notes||available on electronic platform|
|Literature||Mankiw, N.G.: “Principles of Economics”, fourth edition, South-Western College/West, Mason 2006.|
German translation: Mankiw, N.G. : Grundzüge der Volkswirtschaftslehre, 3rd. edition, Stuttgart 2004.
|Prerequisites / Notice||electronic plattform|